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U.S. power company Dynegy Inc. said on Friday that it would buy coal and gas generation assets from Duke Energy Corp. and Energy Capital Partners, in two deals totaling $6.25 billion. The acquisitions will nearly double Dynegy's generating capacity to about 26,000 megawatts nationally and allow the company to provide retail electricity to residents and businesses in Ohio, Pennsylvania and Michigan, and allow it to better serve existing customers in Illinois with the addition of three coal fire and gas facilities. Homefield Energy, a Dynegy subsidiary, and Dynegy Energy Services provides retail electricity service to 800,000 residents currently, a spokeswoman said. The...

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U.S. power company Dynegy Inc. said on Friday that it would buy coal and gas generation assets from Duke Energy Corp. and Energy Capital Partners, in two deals totaling $6.25 billion.
The acquisitions will nearly double Dynegy's generating capacity to...

Taxi drivers sowed traffic chaos in Europe's top cities on Wednesday by mounting one of the biggest protests ever against Uber, a U.S. car service whose smartphone app summons rides at the touch of a button.
Hundreds of licensed black...

Reports: May domestic car and truck sales, April factory orders and inventories, Redbook and IcSC-Goldman Sachs retail sales for period ending May 31 and IBD/TIPP Economic Optimism Index for June
Local earnings: None
Other earnings: Dollar General...

Alibaba gave investors a closer look at the scale and growth of the Chinese e-commerce juggernaut in an initial public offering (IPO) prospectus filed on Tuesday, the first step in what could be the largest technology debut in history.
...

President Obama will promote his record on energy efficiency on Friday by touting several initiatives he says are taking hold across the country – as well as the completion of one very close to home.
After years of delay, solar panels have been installed...

Bruce Heyman, a Chicago-based Goldman Sachs partner and key fundraiser for President Barack Obama, was confirmed Wednesday by the U.S. Senate as the U.S. ambassador to Canada.
“I was proud to support Bruce Heyman’s confirmation … and I am pleased...

U.S. pension adviser CTW Investment Group has asked the Securities and Exchange Commission to investigate private meetings that executives of Walgreen Co. held with investors on moving its tax home base to Europe, the New York Post reported.CTW is raising...

A Toronto investment group led by rock star Jon Bon Jovi would not plan to move the Buffalo Bills out of western New York if it buys the team, according to the Toronto Sun.
The Bills were put on the market after Hall of Fame owner Ralph Wilson died in...

Republican gubernatorial candidate Bruce Rauner on Tuesday urged Gov. Pat Quinn to veto a bill that would provide oversight of the largely unregulated industry of ride-sharing, including requiring drivers of companies such as Uber to have commercial...

AbbVie Inc. on Tuesday said it upped its takeover offer for Shire Plc by nearly 11 percent to more than $51 billion, remaining steadfast in its effort to sway the Irish drugmaker to agree to be bought.The latest bid comes after North Chicago-based...

A list of the world’s 100 largest banks is out, and the United States has only one representative in the top 10.
Topping the list is Industrial & Commercial Bank of China Ltd., with $3.174 trillion in assets, according to numbers released Tuesday...

When it comes to returning earnings to shareholders through dividends and stock buybacks, Northern Trust Corp. investors have reason to feel hopeful, according to a new analysis.
The Chicago-based financial services firm is near the top of a list of...

Goldman Sachs Group Inc <GS.N> on Wednesday said Google Inc <GOOGL.O> has blocked access to an email containing confidential client data that a contractor sent to a stranger's Gmail account by mistake, an error that the bank said threatened...

Twitter's Dick Costolo is gutting the company's top ranks as he seeks to build an executive dream team.
The microblogging service Tuesday appointed a new chief financial officer, former Goldman Sachs banker Anthony Noto, who took the company public in...

The idea for Maria Boustead’s maker business began with pain, literally.
She liked riding her bike to work, but the bags she carried on it either didn’t look good, fell off or made her sweat. They sometimes even hurt.
So she made one.
Thus was born...

Irish pharmaceutical company Shire Plc said Friday it had rejected a $46.3 billion takeover offer from North Chicago-based AbbVie Inc., thwarting, at least for now, the company’s attempt to tap into the London-listed company’s low tax rate.
AbbVie, the...

Lake Forest, Ill. – Lake Forest College is pleased to welcome two outstanding individuals to the Board of Trustees. Doni Fordyce-Urfirer, a Lake Forest College alumna and resident of Greenwich, Connecticut, is a Founding Partner of Stone Key Capital, an...

Niles West High School junior Jessie Amgalanjargal has been selected to attend the Summer Leadership Program for High School Students taking place in June 2013 at Mercy College’s Manhattan and Dobbs Ferry, NY campuses. She was nominated by her DECA...